Norden Group LLC Invests $1.37 Million in NVE Co. (NASDAQ:NVEC)

Norden Group LLC acquired a new stake in NVE Co. (NASDAQ:NVEC) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,134 shares of the semiconductor company’s stock, valued at approximately $1,365,000.

Several other institutional investors also recently bought and sold shares of NVEC. Gladius Capital Management LP boosted its stake in shares of NVE by 159.3% in the fourth quarter. Gladius Capital Management LP now owns 420 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 258 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in NVE in the first quarter valued at $47,000. SG Americas Securities LLC purchased a new stake in shares of NVE during the 4th quarter worth $104,000. Navellier & Associates Inc. grew its stake in shares of NVE by 55.1% during the 4th quarter. Navellier & Associates Inc. now owns 5,190 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 1,844 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of NVE by 11.4% in the 4th quarter. Private Advisor Group LLC now owns 5,215 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 534 shares in the last quarter. 65.95% of the stock is owned by institutional investors and hedge funds.

NVE Stock Down 2.0 %

Shares of NASDAQ NVEC traded down $1.47 during midday trading on Friday, hitting $71.23. The company had a trading volume of 7,114 shares, compared to its average volume of 21,615. The business has a 50-day simple moving average of $75.96 and a two-hundred day simple moving average of $79.21. NVE Co. has a twelve month low of $64.14 and a twelve month high of $97.32. The firm has a market capitalization of $344.04 million, a price-to-earnings ratio of 20.23 and a beta of 1.16.

NVE (NASDAQ:NVEC) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $7.08 million during the quarter. NVE had a net margin of 57.46% and a return on equity of 25.83%.

NVE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 13th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 5.62%. The ex-dividend date was Friday, May 10th. NVE’s dividend payout ratio (DPR) is 112.68%.

About NVE

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data.